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Right timing: STI retreats from resistance

Goola Warden
Goola Warden10/5/2018 10:20 PM GMT+08  • 1 min read
Right timing: STI retreats from resistance
SINGAPORE (Oct 5): Here are two charts for our analysis this week.
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SINGAPORE (Oct 5): Here are two charts for our analysis this week.

STI daily (3,209)

The market’s short-term uptrend ran into resistance at the same time as quarterly momenum faced resistance at its equiibrium line. Both Straits Times Index and momentum have retreated. The STI attempted to rise above the resistance area at 3,257 and tested 3,267, above the 50-day moving average currenlty at 3,226.

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